NAGES­VARAN:

I think when you com­pare it to ci­ties like London or Paris, you still have about 30 or 40 mil­lion tourists that can be ab­sorbed in New York. I don’t think there are enough rooms at that point – 10 or 15 thou­sand more will not be enough.

As Ac­cor’s vice pres­i­dent of North Amer­i­can ho­tel op­er­a­tions, tell us how your brands are po­si­tioned in the US and Canada?